Resdel Industries Reorganizing: Newport Beach-based Resdel Industries...

Resdel Industries Reorganizing: Newport Beach-based Resdel Industries said this week that its parent company, Rossiter & Co., has purchased stock owned by New York financier Saul Steinberg in exchange for a $250,000 note and warrant to buy up to 25% of Rossiter. Bruce Rossiter, president of Resdel, said the stock purchase is part of the company’s attempt to reorganize and pay off its $11.6 million in debts to creditors.